British Friendly launches 'Immediate Support Payment' trial

For income protection claimants

clock
"This will hopefully lead the market in making sure payouts are not only made fairly but also promptly" - LifeSearch's Emma Thomson
Image:

"This will hopefully lead the market in making sure payouts are not only made fairly but also promptly" - LifeSearch's Emma Thomson

British Friendly is trialling 'Immediate Support Payment' for claims received on income protection policies that have been in force for at least three months.

The friendly society said it would begin payment of the weekly benefit amount at the end of the deferred period, whether the supporting medical evidence had been received or not, "subject to eligibility...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Income Protection

Advisers promoting IP but conversion rates remain low - IPTF

Advisers promoting IP but conversion rates remain low - IPTF

IPTF adviser survey

John Brazier
clock 04 May 2021 • 3 min read
Tom Baigrie, CEO, LifeSearch

Tom Baigrie: 'Insurers and distributors are failing to market IP'

'We need to pick up the pace'

Tom Baigrie
clock 16 November 2020 •

Spotlight On Income Protection

IFAonline presents a day dedicated to Income Protection

clock 14 February 2020 •